According to BlockBeats, on June 23rd, Cryptoquant analyst Axel AdlerJr released a market analysis stating that a total of 14700 BTC were sold on centralized trading platforms in the past 24 hours, including 14700 BTC sold at a loss and 3100 BTC sold at a profit. Short term holders cashed out a total of 17800 BTC, resulting in a net sale of 11600 BTC.
The background of the decline of Bitcoin is that the United States attacked three Iranian nuclear facilities last weekend and joined the ongoing war between Israel and Iran. As Iran may respond, including threatening American personnel in the region and possibly closing the Strait of Hormuz, the market is currently on a high alert.